Welcome to our dedicated page for Audiocodes news (Ticker: AUDC), a resource for investors and traders seeking the latest updates and insights on Audiocodes stock.
AudioCodes Ltd. (NASDAQ, TASE: AUDC) regularly publishes news and updates covering its enterprise voice, unified communications, contact center and conversational AI activities. This news page aggregates company press releases and market announcements so readers can follow how AudioCodes develops and deploys its voice connectivity, Live managed services, voice CPaaS and AI-powered applications for enterprises and service providers.
Recent news items describe quarterly financial results, including revenues from products and services, non-GAAP metrics and details on share repurchase programs and cash dividends. AudioCodes also issues announcements about upcoming earnings release dates and related investor conference calls, which are typically webcast and accompanied by financial materials.
Product and solution updates are another key theme in AudioCodes news. The company has reported the launch of Meeting Insights On-Prem, an AI-powered on-premises meeting documentation solution for regulated and security-sensitive organizations, and the expansion of its Live Hub voice CPaaS with an AI Agents module for LLM-powered voice bots. News releases also highlight large-scale deployments of the Voca Conversational Interaction Center (Voca CIC) with partners, modernizing Conversational IVR and AI Voice Agent environments for major healthcare-related customers.
In addition, AudioCodes reports on certifications and partnerships, such as multiple Cloud Connect for Webex Calling certifications and the use of its Live Platform and SBC technology to deliver Webex Calling services. Visitors to this page can review these updates in one place, using them to understand AudioCodes’ financial trends, product evolution and role in unified communications, contact center and voice AI markets.
AudioCodes (NASDAQ: AUDC) has announced an expansion of its Live offering with AI-powered value-added services, designed to modernize customer and employee experience for enterprises. The company introduced three key services:
- Voca CIC: An AI-first, omnichannel contact center solution for Microsoft Teams
- Meeting Insights: A generative AI-powered meeting productivity solution
- Interaction Insights: Cloud-based compliance recording with interaction analytics
These services complement AudioCodes' existing certified voice calling services for Microsoft Teams, Webex by Cisco, and Zoom Phone customers. Delivered through the AudioCodes Live Platform, the services operate on a per-user, monthly subscription model, helping reduce total cost of ownership. The platform includes advanced service automation and AI-based monitoring tools to help service providers accelerate customer onboarding and reduce time to revenue.
AudioCodes (AUDC) reported its Q4 and full year 2024 financial results. Q4 revenues decreased 3.2% year-over-year to $61.6 million, while full-year revenues slightly declined 0.9% to $242.2 million. However, service revenues showed strong growth, increasing 10.9% in Q4 to $34.2 million and 8.2% for the full year to $130.2 million.
Q4 GAAP net income was $6.8 million ($0.22 per share), while full-year GAAP net income reached $15.3 million ($0.50 per share). The company's Enterprise UCaaS and CX business accounted for 92% of Q4 revenues, with Microsoft business growing 13% in the quarter. The company's ARR reached $65 million, representing 35% year-over-year growth.
AudioCodes declared a semi-annual dividend of 18 cents per share, payable March 6, 2025, and repurchased 634,533 shares for $6.0 million during Q4 2024.
AudioCodes (NASDAQ: AUDC) has launched its new Intelligent Meeting Room solution, integrating AI technology to enhance hybrid meeting experiences. The system features automated meeting summarization powered by generative AI and AudioCodes' Meeting Insights technology, integrated into their RXV series devices.
The solution includes advanced visual AI capabilities such as face detection and speaker tracking, utilizing multiple camera streams to provide comprehensive views of participants and meeting spaces. The automatic summarization feature is activated via the RX-PAD meeting controller console, allowing participants to focus on discussions rather than note-taking.
The company will showcase this technology at ISE 2025 in Barcelona from February 4-7, 2025, at booth 1D170.
AudioCodes (NASDAQ: AUDC) has announced it will release its Fourth Quarter and Full Year 2024 financial results on Tuesday, February 4, 2025, before the NASDAQ market opens. The results will cover the period ended December 31, 2024.
The company will host a conference call at 8:30 a.m. Eastern Time on the same day to discuss the results. The call will be led by President and CEO Shabtai Adlersberg and CFO Niran Baruch. Investors can participate by dialing 888-506-0062 (USA) or +1 973-528-0011 (international) or via webcast on AudioCodes' investor website. A replay will be available approximately two hours after the call ends.
AudioCodes (AUDC) reported Q3 2024 results with revenues of $60.2 million, down 2.2% year-over-year. Service revenues increased 6.4% to $32.5 million, representing 53.9% of total revenues. GAAP net income was $2.7 million ($0.09 per share), while Non-GAAP net income was $4.9 million ($0.16 per share). The company's Annual Recurring Revenue (ARR) grew 40% year-over-year to $60 million. During the quarter, AudioCodes repurchased 332,709 shares for $3.6 million and paid a dividend of 18 cents per share.
AudioCodes (NASDAQ: AUDC) has expanded its Meeting Insights solution to support Zoom meetings, in addition to Microsoft Teams. This enhancement provides organizations with a unified meeting intelligence solution across UCaaS platforms, addressing data silo challenges. The solution features AI-powered meeting summaries, action item extraction, cross-platform searchable repository, and real-time transcription. Key capabilities include a unified meeting repository, cross-platform consistency, flexible integration, and enterprise-grade security features including encryption and compliance with GDPR, CPRA, and CCPA regulations. The Zoom-enabled version is immediately available for all customers.
AudioCodes (NASDAQ: AUDC) has announced its reporting date for the Third quarter 2024 financial results. The company will release its results on Wednesday, November 6, 2024, before the market opens on NASDAQ. The results will cover the quarterly period ended September 30, 2024.
A conference call to discuss the Q3 2024 results will be held on the same day at 8:30 a.m. Eastern Time, hosted by Shabtai Adlersberg, President and CEO, and Niran Baruch, CFO. Investors can participate by dialing 888-506-0062 (USA) or +1 973-528-0011 (international) or via webcast on the AudioCodes investor website.
A replay of the call will be available on the investor website approximately two hours after the conference call ends.
AudioCodes' Meeting Insights has won the 'Best Use of AI' category in the UC Awards 2024, recognizing its innovative use of conversational AI to enhance Microsoft Teams meeting management. The solution offers:
- Structured agendas, real-time transcription, and automated notetaking
- Tracking of participant engagement and actionable analytics
- AI-powered analysis of voice and presentation content
- Centralized repository for meeting recordings and transcriptions
Meeting Insights supports better decision-making across all management levels, improving organizational efficiency. It's available as a standalone application or through the AudioCodes Live Platform, a SaaS offering leveraging AI and Azure. Interested customers can try Meeting Insights with a free 30-day trial.
AudioCodes reported second quarter 2024 results, showing a 0.5% year-over-year increase in quarterly revenues to $60.3 million. Service revenues grew by 12.3% to $32 million. GAAP net income was $3.8 million ($0.12 per diluted share), while Non-GAAP net income reached $5.5 million ($0.18 per diluted share). The company's Microsoft Teams business grew 3.3% year-over-year, with Live managed services growing about 35%. Conversational AI business saw over 50% growth. AudioCodes declared a semi-annual dividend of 18 cents per share and continued its share repurchase program, acquiring 116,453 ordinary shares for $1.2 million during the quarter.
AudioCodes (NASDAQ: AUDC), a key provider of advanced communications software and solutions, announced it will release its financial results for Q2 2024 on July 30, 2024, before NASDAQ market opening. The results will cover the period ended June 30, 2024, and will be available on the company's website. A conference call to discuss these results, hosted by CEO Shabtai Adlersberg and CFO Niran Baruch, will occur the same day at 8:30 a.m. Eastern Time. Investors can join via phone or a webcast. A replay will be available on the investor website shortly after the call.